Quote by Mario Monti

A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.

A lot of the American press at the time was saying 'just wat

Summary

This quote refers to the skepticism surrounding Bertelsmann's attempted acquisition of EMI in the American press. Many expected that this proposed deal would serve as a litmus test, revealing the true intentions and approach of the European Commission. However, contrary to these expectations, the acquisition never materialized. This quote highlights the anticipation and subsequent disappointment surrounding the deal, signaling that the Commission's true colors were not revealed through this particular instance.

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Time Truth Thetimes

By Mario Monti

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